Honoring a Side Bet?

Has anyone ever been paid from making a side bet with someone? cause i recently made a side bet with someone during a tournament and they did'nt pay up! anyone else have a problem with that happening? would'nt it be cool is the sites backed side bets! you know like have a side bet button that both players hit and the site makes the bet stand and if one does'nt pay they freeze thier account until the pay up! just wanted to hear some thoughts! thanks

Yes, I have been paid off from a side bet multiple times in the past - but you should also know who the hell you're making the side bet with before actually making it, just for collectibility purposes.

nah did'nt know much of the cat who made the bet! he initiated the bet with me! talking" I always pay my debts " yeah like i really believed it! but i made the bet with the big talker and then took him out! but i was just hearing opinions on it! and wondering if side bets were played by many! but honestly if i had lost making that bet ' i seriously would have paid out!

I have made one sidebet in online poker and I didn't know the guy. I normally wouldn't do that but he made me so mad and then initiated the bet so I took it. I didn't think he would pay up and indeed he didn't.

It was satisfaction enough that we moved to a heads up table and I took him out. So at least I got his stack. He was so bad that I played him way over my bankroll for max buy-in on a 1-2 NL table. I wish there were more people like him out there. I search for him every time I play on FT. I haven't seen him again.

The guy is a piece of s**t! Your word is .....well .......your word. You should post the guy's name somewhere.

When it comes to "My word", all I have to point out is my sig, I picked it and stay with it because it rings true for me.....

I've never made an online side bet for these exact reasons. If I were to ever make one, it would likely only be with someone I know (or know well enough, say from this forum) for the simple fact that I will payout if I lose and I want a reasonable expectation that I will be paid if I win. Paying out is not an issue for me if I make a bet.

Now, irl, I've made many side/prop bets on things. I've paid out 100% of the time on those I've lost. And all but one win was paid to me voluntarily. (That other one only required one reminder and a little "motivation", but it was paid as well.)

I guess it comes down to the fact I take my word and money matters very seriously, so I always pay and always make sure I'm paid. That kind of security is difficult to come by online. Now, it's also important to recognize terms of agreements as well, I don't play the interpretation game. Part of my job includes writing binding contracts, so my agreements are literal, not fuzzy "well I meant this" garbage. If I win a bet and the agreement was to pay the winner on Wednesday, the loser won't hear from me until Thursday (if I haven't been paid yet). On the flipside, if I lost that bet, I don't expect to be hounded at 8AM on Wednesday looking for your money. I have until the end of the day (based on timezone agreement = detail oriented), if I really want to be firm about it.

Anyway, that's my take on it.